Over the weekend, the American Idol judge was spotted in Malibu catching a ride in his new swanky $750,000 Hennessey Venom GT coupe. The car was custom made for the rock legend, who purchased the vehicle for a cool $1.1 million!

The new toy seems to be a gift for Tyler himself as he and his Aerosmith bandmates get set to embark on their Global Warming Tour this summer in addition to their latest record, Music from Another Dimension, coming this August. Work hard, play harder Steven!